SoXange Review

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SoXange Review

Social trading is a relatively new idea in the binary industry but one which is growing rapidly in popularity. SoXange has been developed to work exclusive as a social platform. It is not a traditional automated trading system. You will, undoubtedly want to know whether SoXange is safe to use or simply the SoXange scam.

SoXange – The Basics

The SoXange software is free to access and offers potential returns of 90%; it can be left to run autonomously or used as a manual tool. However, the testimonials and reviews shown do not appear to be genuine and SoXange supplies very little information regarding itself or the product it is offering. This should make you question whether SoXange is a scam. In fact, on further investigation it appears the SoXange is simply a revised version three other software products; all of which are scams.

There is further evidence which shows the SoXange scam; as well as the same platform with very small changes; the testimonials are the same as on other sites. In one sense it is ironic that a site which provides the opportunity to trade in binary options b copying other traders is actually copying another app itself.

Using SoXange

This is a free application. However, you will need to supply SoXange with all your details to start using their service. You will also need to create an account with their affiliated broker and add some funds to the account. Although these funds can be used for trading it is not entirely free to get started! SoXange generate their income from the affiliate broker; they simply pay SoXange a commission for the introduction of a new client (you).he SoXange scam is simply an affiliate marketing trick.

Conclusion – Can SoXange to be Trusted

Unfortunately an app which has the interest of the broker and not you is likely to be a scam. SoXange will provide you with a trading robot but they will have received their funds before you even place our first trade. SoXange is not concerned with how profitable your trading is; they have generated their income. It is wise to accept the SoXange scam is just that and choose a different product to assist your trading.

7 Binary Options

So SoXange is not exactly a binary options trading robot but rather a binary options trading platform that is exclusively dedicated to social trading. As binary options trading grows in popularity, so too has social trading; in fact, most of the top binary options trading platforms such as SpotOption already have social trading functionality built in.

So is SoXange worth signing up as a separate platform? Or is it a scam? Check below for our full answer!

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 90%
Minimum Deposit: $200
Countries: All nations

  • Fake claims and testimonials
  • No real information at all provided

7BO Verdict:

Not Reliable Service

What is SoXange?

Unfortunately, SoXange is not a legitimate trading platform but just another scam. Here’s the best part, SoXange itself is just a recycled copy of another scam. And by another scam, we mean 3 other scams, being Investocopy, Copyinvest, and Copyactiv.

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Take a look at the user interfaces of all 4 platforms and you will see that they are practically the same.

It’s so blatant that it’s clear the scammers are extremely lazy and only bothered to change the interface once; hence there being two interfaces for four different platforms.

The fact that there are multiple clones of the same website should already be tripping your scam radar. The practice of rebranding scams under different names using the exact same everything or with slight changes is the exact behavior we see with many scam robots. So right here, the signs are pointing to the fact that SoXange and the other 3 platforms are nothing but scams.

But let’s look a little deeper, shall we? How about we take a look at the so-called successful traders in the platform themselves? Well, what we will find is that multiple traders are replicated exactly across each of the platforms.

Here’s one trader known as ‘kevinfast’.

And finally, we have ‘BabeYoga’

FYI, Investocopy was the ‘original’, it was the first and most popular and the other 3 platforms are just copycats. We find it quite poetic that a platform allegedly built on copying other people’s trades is itself being copied to propagate its scam. It is likely they are all owned by the same person, though.

And Investocopy, being the most prominent of the scams has been the subject of warnings by both the Italian and French financial regulatory body: the Commissione Nazionale per le Società e la Borsa (“Consob”) and the Autorité des Marchés Financiers (“AMF”).

Screenshot

How Does It Work?

As we have mentioned repeatedly throughout all of our binary options robots scam reviews, essentially these are nothing but affiliate marketing scams. They offer you a supposedly great product, promising fantastic success rates, some of them totally in the realm of fantasy, and all for free! They usually justify giving away such a fantastic product for free by claiming something like they’re already rich so they want to give back to society, or by claiming they are looking for select beta testers, or by saying that in the future they will take 50% of your profits or something.

When you sign up through the robot, you have to fund your account with their partner broker, and that is where the scammers make their money. Since they are affiliates of said broker, they will get a nice cut of whatever amount you funded the account with. Before you even start using the robot (and find out it can’t perform as promised), the scammers have already been paid! And the brokers themselves are usually unregulated and in some instances, totally unethical.

In the case of SoXange and the 3 other platforms we mentioned above, they are also affiliate marketing scams. While they are not being advertised as robots, their business model is the exact same. We were not able to determine what broker SoXange is partnered with as it appears the scammers have already moved on. However, we did some digging and found that apparently, Investocopy used to be partnered with OptionWeb, which, fortunately, is CySEC regulated.

Final Conclusion: isSoXange a scam?

Nothing in life comes free, so if you see a supposedly great product that would bring you financial benefit being offered to you for free – be skeptical. SoXange is no different and is just an affiliate marketing scam. Avoid.

a Complete Guide for Binary Options Trading

For many people, online binary options trading is often seen as a viable alternative to earning additional side income during their free time. While binary options trading is often touted as being easy and simple, It is in fact very risky especially for beginner traders. To help new traders overcome this hurdle, many platform developers have started to introduce the concept of social trading to binary options trading as well. Social trading allows beginner traders to observe how experienced traders trade and if they choose to, they can also emulate the trades of the more experienced traders in real time. This is what the newly introduced social trading platform SoXange aim to do for its users. The question is can the SoXange social platform live up to its expectations? Read our in-depth review of it to know more.

Basic information:

Cost: Paid
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • Free Registration
  • Free Registration
  • Lack of information on the website
  • No verifiable statistics provided

BinaryMinery Verdict:

Not Reliable Service

What is the SoXange?

SoXange is a binary options social trading platform. It is one of the first few social trading platforms that is dedicated for binary options trading. The trading platform is specifically targeted towards beginner traders that lack any trading experiences in online trading. The platform is essentially a social network of binary options traders that let beginner traders follow the footsteps of their more experienced and successful peers. It also let beginner traders copy the trades of the traders that they are following. Simply by following those traders with a high winning ratio, beginner traders can also hope to do as well with their own trades. But the question is it really that simple?

Our research shows that SoXange is sketchy on details as to the company behind the social trading platform. In addition, the platform doesn’t provide any verifiable statistics for the so-called successful traders. The FAQ’s that are found on the website also lacks depth in the information that it seeks to provide. Unlike the more established social trading platforms that are found in the forex trading industry, the SoXange’s website seems barebones lacking in information for prospective traders to study.

How does it work?

As mentioned earlier, SoXange is basically a social network which links binary options traders together on a single platform. The platform has 2 main options to newcomers to choose from. They can either choose to be a trader or a guru. If you decided to become just a trader, your first course of action will be to check the listing of top ranking traders to see which traders that you want to follow.

Beside the name of each trader, you will find several key statistics such as the number of followers, the risk ratio, the ranking of the trader on the list and percentage gain. From our observations, we noted that all of the top traders listed on the board have no details for their key stats which is highly suspicious. Without the key stats, it is virtually impossible to make any evaluations about the performance of the traders.

However if we decided, despite the lack of statistical information, that we want to follow a particular trader, the next course of action will be to decide how you want to invest for each trade. Once you have done that, the trades which are executed by your “guru” trader will be duplicated for your trading account as well. Of course if you feel that you are good enough, you can always sign up to be a “guru” trader instead. By becoming a “guru” trader, you will also get to earn a commission from each of your followers.

The concept of social trading though new for the binary options trading industry is not a new one in fact. For years, the spot forex trading industry has been adopting this trading concept and the leading forex social trading platforms are much better developed and come with a lot more features and information than what SoXange is able to provide. To us, the SoXange trading platform poses a huge trading risk since we have no idea who are the people behind the platform and who are the so called “guru”.

Conclusion

Based on our research and experience, we can only advise our readers to avoid signing up with SoXange. Although the idea of social trading is sound, the implementation of this trading concept by SoXange seems problematic. Furthermore our research shows that the SoXange platform is an exact copy of 3 other social trading platforms called Copyactiv, Copinvest and Investocopy. All these 3 social trading platforms have already earned a reputation of a being scams. Our conclusion is SoXange is most likely another scam by the same people now operating under a different name. While there is no direct evidence to point to SoXange to be a scam platform, we like to remind our readers that the onus is on SoXange to provide adequate information about its services rather than for us to blindly trust them on faith.

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